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Consumer Borrowing Increases


               
2012 May 10, 6:58am   1,884 views  3 comments

by CL   follow (1)  

http://www.theonion.com/articles/consumer-borrowing-increases-in-march,28144/

"It was only a matter of time before people remembered how fun it is to buy things with money they don't have."

Carrie Wackerman
Systems Analyst

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1   freak80   @   2012 May 17, 12:44am  

That's hilarious.

2   TMAC54   @   2012 May 24, 3:41pm  

IS Gubmint the only one allowed to live BEYOND IT'S MEANS ? Might as well rack up them credit cards. Many more banks are soon to fail.
http://www.fdic.gov/bank/historical/bank/index.html

Do they really have enough to repay savers in a collapse ?

3   freak80   @   2012 May 29, 1:45am  

TMAC54 says

Do they really have enough to repay savers in a collapse ?

They have the printing-press, which is all they need...

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